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The Basic Template Of Entrepreneurship

Steven Spielberg, rightly thought of as one of the most creative movie directors, once said, it makes sense to keep the same team and churn out movie after movie, like they produce cars at factories.

What has happened with technology and innovation in just the past 20 years has been amazing, but all that is nothing compared to what is about to happen. And it makes sense to firm up the basic template of entrepreneurship. So we can focus on the more important stuff, like the technology and the innovation.

Curiously that template is waist deep in politics and public policy. The very idea of who owns the company is about to fundamentally alter. The inevitable Universal Basic Income (UBI) will be a huge boost to the innovators. Without that true large scale wealth creation is simply out of reach. The UBI is the oxygen mask that takes you to the top of Everest.

The idea of the corporate culture should be on the cutting edges of social science fiction and egalitarian thinking. Treating people right does not take away from competition or innovation. The second coming of Steve Jobs was primarily that he had learned to treat people better, like he himself admitted. But it goes beyond smiles and handshakes. It is about making fundamental leaps on race and gender.